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How to find international scholarships for a master’s abroad

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For students from other countries, studying for a master’s degree in the U.S. or Canada can be an incredible opportunity. It can open doors to exciting careers, global connections and personal growth. However, unless you have significant savings or help from your family, the cost can feel overwhelming. That’s where scholarships for a master’s abroad can help, making it possible to pursue your academic dreams without getting too deeply in debt. Finding and applying for the right education scholarship takes a bit of research and planning, but the rewards can be life-changing.

Types of international scholarships available to international students

As you search for scholarships for a master’s abroad, it’s important to understand the different types available. Each scholarship has unique criteria and knowing where you fit best will help you target the right opportunities.

  • Merit-based scholarships: These overseas master’s scholarships reward students who have strong academic records, leadership experience or achievements in extracurricular activities. Universities, private organizations and government programs often offer these to attract high-achieving students. If you’ve consistently performed well in your studies or have demonstrated leadership in your field, this type of funding may be a great fit.
  • Need-based scholarships: Some scholarships are awarded based on financial need, helping students who may not have the resources to cover tuition and living expenses. These scholarships consider factors such as family income, cost of living and personal circumstances. They can be highly competitive, so you’ll need to provide clear documentation of your financial need.
  • Field-specific scholarships: If you’re pursuing a degree in STEM, business, healthcare or another field where graduates are in demand, there may be scholarships tailored to your area of study. Many industry organizations and private companies offer scholarships for master’s degrees to support the development of future professionals in their sectors. These awards often come with networking opportunities, internships and mentorship programs.
  • Diversity and regional scholarships: Some scholarships focus on students from specific backgrounds, countries or regions. For example, U.S. postgraduate scholarships for international students often include funding for students from Africa, Asia or Latin America. These scholarships aim to promote diversity and create opportunities for students who may face barriers to higher education.
  • University-specific scholarships: Many universities offer their own scholarships, which can be based on merit, financial need or specific research interests. Some institutions automatically consider applicants for these awards, while others require a separate application. Be sure to check each university’s financial aid office for opportunities available to you.
  • Government-funded scholarships: Both host-country and home-country governments offer international postgraduate scholarships to encourage global education exchange. Examples include the Fulbright Program in the U.S. and the Vanier Canada Graduate Scholarships.
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How to apply for a scholarship to study abroad

Securing scholarships for a master’s abroad takes effort, but a well-prepared application can set you apart.

  1. Start your search early: Give yourself plenty of time to find scholarships, understand eligibility requirements and gather application materials. Many deadlines fall months before the academic term starts.
  1. Match your qualifications: Apply for scholarships that are a close match with your academic background, career goals and personal achievements. Focusing on the scholarships you’re most qualified for will let you spend time preparing a strong application.
  1. Write a standout personal statement: Many scholarships for a master’s abroad require an essay explaining why you deserve the award. Be clear, specific and personal – share your experiences, goals and how the scholarship will help you succeed.
  1. Seek strong recommendation letters: Choose professors, mentors or employers who know you well and can speak to your strengths and potential. A strong, detailed recommendation can make a big difference.
  1. Tailor each application: Don’t submit the same generic application to every funder. Customize your responses to reflect the values and goals of each scholarship provider.
  2. Proofread and review: Spelling or grammar mistakes can hurt your application. Ask a friend, professor or mentor to review your materials before you submit them.
  1. Meet all deadlines: Late applications are often disqualified. Set reminders and submit everything ahead of time to avoid last-minute stress.

Other ways to pay for a master’s abroad

Even with scholarships, you may need additional funding to cover tuition and living expenses. Here are other options to explore:

  • Grants: Like scholarships, grants provide funding that doesn’t need to be repaid. These are often awarded based on financial need or specific research interests.
  • Assistantships: Many universities offer teaching or research assistantships that provide tuition waivers and stipends in exchange for part-time work. These positions not only help financially but also offer valuable academic experience.
  • Fellowships: Fellowships are prestigious, merit-based awards that often provide full tuition coverage and living stipends. They are highly competitive but offer incredible benefits.
  • Loans: International students can apply for private education loans, such as those from MPOWER Financing, which offer no-cosigner options.
  • Employer sponsorships: Some companies fund their employees’ master’s degrees in exchange for a commitment to return to work after graduation.
  • Work-study programs: Certain universities offer on-campus jobs that allow students to earn money while pursuing their degrees, helping offset education costs.
International students graduating

International scholarships and loans from MPOWER Financing

MPOWER Financing helps international students achieve their academic goals by removing the financial barriers that international students face. Offering loans, scholarships and a variety of services, MPOWER is dedicated to providing financial access to students who may not qualify for traditional funding options.

MPOWER offers a number of opportunities for students seeking scholarships for a master’s abroad:  

  • MPOWER MBA Scholarship: Offers financial support for international students pursuing MBA programs at MPOWER-eligible institutions.
  • MPOWER Global Citizen Scholarship: Grants up to US$8,000 to students for students currently enrolled in or accepted to a full-time degree program at an MPOWER-eligible school.
  • Udaan India Scholarship: Supports Indian students accepted to a STEM master’s degree program at an MPOWER-eligible school.

Additional MPOWER services:

  • International student loans: MPOWER offers loans that don’t require a cosigner or collateral, making it easier for international students to fund their education. The loans are designed specifically for students who may not have access to traditional financing.
  • Visa support: Navigating the visa process can be complicated, but MPOWER provides resources and expert guidance to help students understand their visa options and complete their applications.
  • Career services: MPOWER offers resume reviews and job search assistance to help students secure employment after graduation.

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FAQs

Can I use multiple scholarships to cover my expenses?

Yes! Many students combine multiple scholarships to fully cover their tuition and living costs. However, some scholarships have restrictions on combining awards, so read the terms carefully.

How competitive are scholarships for international students?

Scholarships for a master’s abroad can be highly competitive, especially full-tuition awards. Strengthening your application with strong academics, leadership experience and a compelling personal statement can improve your chances.

Where can I find scholarships for a master’s abroad?

Check university websites, government programs and private organizations offering financial aid for international students. There are also websites specializing in scholarships – www.InternationalScholarship.com, IEFA.com, eduPASS.org.  

What are no-cosigner loans?

These are education loans that don’t require a U.S.-based guarantor, making financing more accessible for international students. MPOWER Financing has supported over 20,000 students with no-cosigner loans, check your eligibility at over 500 schools in the U.S. and Canada.


*Rates as low as 9.99% (11.16% APR). This interest rate and APR includes a 0.25% discount for automatic recurring payments.

DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

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